Fly News Breaks for November 5, 2019
Nov 5, 2019 | 07:39 EDT
Canaccord analyst Richard Davis lowered his price target on Everbridge to $90 from $105 following Q3 results. The analyst said his investment thesis remains largely unchanged. Federal, State and Country wins will continue to make compelling headlines, CEM is enhancing the firm's strategic standing with large clients, and the opportunity is still in the relatively early days. He believes the company's competitive moat is widening but recognizes investor nervousness around recent significant management changes. Davis maintained his Buy rating on Everbridge shares.
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